ALEXANDRIA, Va. – NCUA reported yesterday it approved the merger of ailing $80 million REALTORS FCU, billed as the nation’s first virtual credit union, into giant Northwest FCU, in nearby Herndon, Va. , one of several troubled credit unions to be merged out.
Processing Content
NCUA also approved separate requests from Credit Union of Southern California, the $565 million Whittier-based credit union, to absorb two nearby troubled institutions: $40 million Inland Empire FCU in Pomona and $21 million Placentia-based Family 1 FCU.
Other troubled credit unions to be merged out are: $21 million Independence Parkway FCU, La Porte, Texas (into Space City CU in Houston); and $12 million Commercial Metals FCU, Dallas (into America’s CU, Garland).
